s 135 Relevant policies issued by co-operative society
135.—(1) Where the licensed insurer of any relevant policy is a co‑operative society, and the policy owner of that relevant policy —(a) has not, before 1 September 2009, made any nomination under section 45(1) of the Co‑operative Societies Act 1979 in relation to that relevant policy; or (b) has, before that date, revoked every nomination made under section 45(1) of the Co‑operative Societies Act 1979 in relation to that relevant policy, nothing in the Co‑operative Societies Act 1979, on or after that date, applies to that relevant policy or to any share or interest in any policy moneys under that relevant policy. [3/2009; 11/2013] (2) Where the licensed insurer of any relevant policy is a co‑operative society, and on or after 1 September 2009 the policy owner of that relevant policy —(a) revokes the last subsisting nomination made by the policy owner under section 45(1) of the Co‑operative Societies Act 1979 in relation to that relevant policy; or (b) makes any nomination under section 132(2) or 133(2) in relation to that relevant policy, whether or not there is any subsisting nomination made by the policy owner under section 45(1) of the Co-operative Societies Act 1979 in relation to that relevant policy, nothing in the Co-operative Societies Act 1979 applies, on or after the date the policy owner revokes the last subsisting nomination under section 45(1) of the Co-operative Societies Act 1979 or makes the nomination under section 132(2) or 133(2) (as the case may be) to the relevant policy or to any share or interest in any policy moneys under that relevant policy. [49O [3/2009; 11/2013]